Former Racemark president suing for pay

Former Racemark International LP president Randall Parker is suing the floor mat and seat cover manufacturer for $212,000 in back pay and bonus money.

Parker had been president at the Malta-based company for only one year when he was fired Sept. 25.

His lawsuit, filed in state Supreme Court in Saratoga County and dated Dec. 23, says he was being paid $250,000.

But his contract guaranteed him a bonus equal to 35 percent of his salary within the first 12 months, according to the lawsuit, and he was also guaranteed six months’ pay if he were to be dismissed within the first two years.

Parker says in the suit that he has received neither, and the total due to him is $212,500. He also is seeking other undisclosed damages.

Racemark CEO Ada “Ginger” Cannon Bailey was not in the office Monday. She did not immediately return a call seeking comment.

Parker’s attorney, Randall Ezick of Albany, declined to elaborate on the lawsuit, but said it has not been served on Bailey because she is out of the state.

The suit alleges Parker was terminated because the company was experiencing a decline in sales.

Racemark, which supplies high-end automakers like Audi, Jaguar, Mercedes-Benz and Porche, has facilities in Malta, Georgia and Switzerland.